Fiscal 2017 earnings recovery

「As a result, revenue for the first nine months of the current fiscal year was ¥213,990 million, up ¥21,883 million, or 11.4%, from the same period of the previous year. Operating profit was ¥10,810 million, up ¥7,512 million, or 227.8%. Ordinary profit was ¥12,463 million, compared with an ordinary loss of ¥1,781 million in the same period of the previous year. Profit attributable to owners of the parent was ¥8,313 million, compared with a quarterly net loss attributable to owners of the parent of ¥59,321 million in the same period of the previous year.」

「As a result, revenue for the first six months of the current fiscal year was ¥141,976 million, up ¥13,002 million, or 10.1%, from the same period of the previous year. Operating profit was ¥6,909 million, up ¥4,910 million, or 245.7%. Ordinary profit was ¥8,258 million, compared with an ordinary loss of ¥2,213 million in the same period of the previous year. Profit attributable to owners of the parent was ¥6,479 million, compared with a quarterly net loss attributable to owners of the parent of ¥45,474 million in the same period of the previous year.」

「The market environment for our Electronics business is expected to remain challenging this fiscal year, owing to intensified competition among companies resulting from a slowdown in the PC market and slower growth in the high-end smartphone market, as well as the continuing impact of the launch of fan-out wafer-level packaging (FO-WLP). We will restore earnings by continuing to expand our share in cutting-edge fields where we have traditionally had strengths, while developing new customers and expanding into new fields such as IoT, automotive applications and data centers.」

「We intend to support the decline in earnings from the Electronics business with the Ceramics and Other businesses and restore earnings in fiscal 2017.」